Santa Fe South Housing Market Report January 2025•Santa Fe County, New Mexico

hero building illustration for mobile

Housing Prices in Santa Fe South, NM

How much do homes in Santa Fe South, NM cost?

Housing Market Conditions

Is Santa Fe South, NM a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Santa Fe South is a Seller's Market

Difference Since January 2024

Since last year, Santa Fe South has remained a Seller's Market.

Insight

Santa Fe South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$665,000$336/SqFt
-$2,305
-0.3%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Santa Fe South has remained the same since last year.

Summary: The median home sold price in Santa Fe South was $665,000 in January 2025, down 0.3% from last year, and the median price per square foot was $336.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Santa Fe North
+27.4%
Lamy
+2.7%
Santa Fe
0.4%
Santa Fe South
-0.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$342.5K$380K
+10.9%
2$523.7K$516.7K
-1.3%
3$671.2K$664.8K
-1.0%
4$805K$779.5K
-3.2%
5$1.1M$1.0M
-0.5%

Summary: Santa Fe South housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +10.9%. The home price for 2 bedroom homes decreased by -1.3%. The home price for 3 bedroom homes decreased by -1.0%. The home price for 4 bedroom homes decreased by -3.2%. The home price for 5 bedroom homes decreased by -0.5%.

Housing supply in Santa Fe South, NM

How many homes are available in Santa Fe South, NM?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
253Last MonthJan 2025
2532 months agoDec 2024
0.0 %
Change MoMDec – Jan

Summary: The Santa Fe South real estate market had 253 homes for sale in Jan 2025, the same as Dec 2024

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
53Last MonthJan 2025
532 months agoDec 2024
0.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
145
+25.0%
22727
0.0%
3156154
-1.3%
45857
-1.7%
5810
+25.0%

Summary: Santa Fe South housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +25.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -1.3%. The inventory for 4 bedroom homes decreased by -1.7%. The inventory for 5 bedroom homes increased by +25.0%.

Asking Price vs. Sold Price

How much do homes in Santa Fe South, NM cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price5 Homes

Under Asking Price44 Homes

Insight

If you're buying a home in Santa Fe South, you may be able to get a good deal. 83% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Santa Fe South in January 2025, the same as the previous month. Of the 53 sold homes, 83% were sold under asking, 9% were sold at asking, and and 8% were sold over asking.

Days on Market for Santa Fe South, NM

How long does it take to sell a home in Santa Fe South, NM?

Breakdown of Home Sale Times

Under 30 Days22 Homes

30 – 90 Days15 Homes

Over 90 Days16 Homes

Insight

Many homes in Santa Fe South are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 53 homes were sold in Santa Fe South; 42% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
66 DaysThis YearJan 2025
49 Days1 year agoJan 2024
+35.3 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Santa Fe South had an average listing age of 66 days in Jan 2025, up by 35.3% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Santa Fe South, NM

What homes are available in Santa Fe South, NM?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in New Mexico

MLS Disclaimers and Copyright

Based on information from Santa Fe MLS, Southwest Multiple Listing Service, North Texas Real Estate Information Systems Inc., MLS of Oklahoma, and MLS Technology Inc. for the period 02/01/2023 - 02/01/2025

IDXThe data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 2:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 2/21/2025, 2:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright© 2025 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 2:14:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater Tulsa Association of Realtors. Information deemed reliable but not guaranteed. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Greater Tulsa Association of REALTORS® MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 2:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.